County has assessed for 200k but is worth more due to the area they are building homes left and right on that road and they are selling 300k+ and up.

The other challenge is selling it, there is a smaller buyer pool for hospitality in a small market but that was known going in Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Study what kind of properties sell, for how much, and what kind of tenants live there.Think with a 10year+ vision, but a decently sound property (not a 1900 single family conversion that is begging for a full gut rehab), and but in the RIGHT location. 

It's a very lucrative business to start a website and drive traffic to then turn around and sell the leads to realtors or lenders.

My number 1 tip would be to go off market and find owner that wants to sell at a discount / prefers speed and convenience. 

Local PM here - we have multiple development projects we are gearing up to sell, both small multifamily and townhouses should you want to take a peak at them.

build to rent is great. they are an intermediary that help investors contract direct with turn key new build. they are pretty sophisticated we have sold a house so far and we are looking to sell other multifamily with them. there is a vetting process and as an intermediary they don't control construction they help vet builders and establish relationships. they have a big team. the other builder I've never heard of but unless you can see your house I wouldn't touch it. rent to retirement has a strict policy of 90 days until certificate of occupancy until they will send a deal out they are good at what they do and I'd recommend them. they have options all over the country and established relationships.

In 2024, 47% failed to sell even 1 house.

In the assets I am considering - the seller is typically selling because they no longer have the time or energy. 

I have a lot in a nice community in Gouldsborough that I have not been able to sell.